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15:32
Non-Farm Payroll Data Validates Powell and Bowman's Justification for Rate Cut: Labor Market Shows Signs of Weakness
BlockBeats News, August 1st: On August 1st, the U.S. labor data supported calls for monetary easing, causing a decline in U.S. Treasury yields and the U.S. dollar. Meanwhile, previous data was significantly revised down: the May nonfarm payroll number was revised down from 144,000 to 19,000, and the...
15:22
Boston Fed: Still Expects One Rate Cut This Year
BlockBeats News, August 1st, Boston Fed said that while employment data is important, revisions are even more critical. The job market is moderating from a strong level. Inflation risk is much greater than employment risk. It is still expected to cut interest rates once this year. (Xinhua)
15:22
Gryphon shareholders will vote on the proposed merger with Bitcoin mining firm American Bitcoin on August 27.
BlockBeats News, August 1st: According to The Miner Mag, American Bitcoin Corp (ABC), a Bitcoin mining company supported by the Trump family, is set to complete a secret merger with Gryphon Digital Mining and list on Nasdaq.On July 31st, Gryphon submitted a proxy statement related to the merger to t...
15:12
ARK Innovation ETF (ARKK) Receives Record Single-Day Inflow
BlockBeats News, August 1st, Bloomberg ETF Senior Analyst Eric Balchunas posted on social media that ARKK attracted $800 million in just one day, setting a new all-time record for daily fund inflows. This is likely due to the fund's 50% surge in the past 3 months, double the gains of SPY, QQQ, and I...
15:12
Stablecoin protocol Resupply has announced that it has fully repaid a $10 million bad debt.
BlockBeats News, August 1st, according to official sources, the stablecoin protocol Resupply announced that the $10 million bad debt has now been fully repaid. Among them, the $8.8 million bad debt related to the recent security vulnerability has been repaid first.The remaining $1.13 million bad deb...
15:02
The total nonfarm payroll employment for May and June in the United States has been revised downward by 258,000 people.
BlockBeats News, August 1st, the US Bureau of Labor Statistics stated that the non-farm payroll numbers for May were revised from 144,000 to 19,000; and the non-farm payroll numbers for June were revised from 147,000 to 14,000.After the revision, the total number of new jobs added in May and June wa...
14:52
A certain <i>insider whale</i> increased their ETH short position to a notional value of $40.25 million, realizing a floating profit of over $3.24 million.
BlockBeats News, August 1st, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a certain "insider whale" continued to add to their ETH short position, increasing it to 11,111.11 coins (nominal value of $40.25 million). Currently, their BTC and ETH dual short positions are worth over $168 milli...
14:42
Bitcoin Temporarily Drops Below $114,000
BlockBeats News: On August 1st, according to HTX market data, Bitcoin briefly dropped below $114,000, and is now trading at $114,167, down 3.68% in the last 24 hours.
14:42
U.S. publicly traded company DevvStream has initiated a Crypto Treasury strategy, with the initial purchase of BTC and SOL.
BlockBeats News, August 1st, according to businesswire, DevvStream Corp., a publicly traded carbon management company (Nasdaq: DEVS), announced today the official launch of its cryptocurrency treasury strategy, with the first batch having purchased Bitcoin (BTC) and Solana (SOL).This purchase was su...
14:32
JPMorgan: Bitcoin Miner Profit Hit New High Since July Halving
BlockBeats News, August 1st, according to a CoinDesk report, Wall Street investment bank JPMorgan Chase released a research report on Friday stating that Bitcoin miners saw another strong performance in July, with mining profitability reaching its highest level since the most recent Bitcoin halving....
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